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Dems Obstruct Sprint, T-Mobile Merger To Undermine Trump’s First $50B Win

Democratic attorney generals from nine states are obstructing a Sprint-T-Mobile merger in an effort to undermine a major economic win by the Trump Administration.

The recent anti-trust lawsuit was filed and supported by only Democrats from Colorado, Connecticut, Maryland, Michigan, Mississippi, Virginia, Wisconsin and the District of Columbia. Filed in the well-known, anti-Trump Southern District Court of New York, the lawsuit attempts to block the merger and massive investment into the U.S. telecommunications sector. It also wreaks of partisan politics. The lawsuit is led by “resist” and “obstruct” Democrats, Letitia James of New York and Xavier Becerra of California.

Even a cursory look at the issue trails back to the early days when President Donald Trump touted his international business connections. In the initial days of the Trump Administration, Democrats tried to slander and discredit the president’s claims that he could spur an economic resurgence. Ex-President Obama had already quit, claiming U.S. manufacturing jobs were gone and President Trump would need a “magic wand” to bring them back. Nearly 300,000 manufacturing jobs have emerged since Trump took office despite the “resist” and “obstruct” efforts by the left.

In terms of the Sprint-T-Mobile merger, the roots of this potential American windfall can be traced to the one of the president’s first announcement wins. Tapping his global business relationships on behalf of the American people, President Trump stood shoulder-to-shoulder with Japan’s SoftBank Chief Executive Masayoshi Son, and announced the company’s intentions to invest $50 billion into U.S. telecommunications.

“I couldn’t have decided such a thing before this new President,” SoftBank’s Son said at the time.

By June 2018, that investment had already exceeded the initial pledge.

“His $50 billion turned out to be $72 billion so far, he’s not finished yet,” President Trump said.

SoftBank, which owns upwards of 80 percent of Sprint, made its intentions crystal clear when upping its investment. The long-term goal was to merge its fourth-ranked network with third-ranked T-Mobile and compete with market giants Verizon and AT&T. Merger negotiations broke down in 2017, but the organizations have apparently come to terms.

Sprint and T-Mobile continue to be overmatched by their massive Verizon and AT&T rivals, particularly as the 5G network rolls out. The merger “will allow New T-Mobile to invest nearly $40 billion within three years of closing to deliver a more robust nationwide 5G network and next-generation services than either company can achieve on its own,” the companies reportedly stated in documents to the FCC.

Competition between a Sprint-T-Mobile outfit and Verizon would likely drive consumer costs down and result in improved wireless services. And, the merger would again shower America with investment opportunities and good-paying tech jobs to the tune of another $40 billion. Democrats have unleashed yet another propaganda campaign stating the exact opposite.

“When it comes to corporate power, bigger isn’t always better,” New York’s A.G. James said. “The T-Mobile and Sprint merger would not only cause irreparable harm to mobile subscribers nationwide by cutting access to affordable, reliable wireless service for millions of Americans but would particularly affect lower-income and minority communities here in New York and in urban areas across the country.”

What marks the move as overwhelmingly political is the fact the Democrats apparently conducted a unilateral investigation out of turn. Review of such national mergers comes under the authority of the Federal Communications Commission (FCC) and the U.S. Department of Justice. The FCC had approved the merger in terms of meeting its industry regulations. FCC chairman Ajit Pai agreed to green light the merger only under the condition that the new entity would not increase prices. The Department of Justice has yet to make a decision based on federal antitrust statutes, making the Democrat lawsuit appear to be a peremptory strike.

“We’ve concluded our investigation, and we have our own responsibility to consumers,” A.G. James reportedly said. “Based upon our review, this is bad for consumers, bad for innovation, bad for lowering prices, and bad for competition.”

Of course, the very existence of the partisan Democrat investigation by state attorneys begs the question: why investigate a telecommunication merger that falls under federal authority? The answer appears more than obvious. Democrats are willing to undermine President Trump, no matter what, even if it costs everyday Americans opportunity.

~ Conservative Zone


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